Staff Association

Terms and Conditions of the John P. Perry Scholarship Fund

 

About John P. Perry
History
Terms & Conditions of Fund
Application
Deadline & Criteria for Applying

(Any change (terms, condition, name, etc.) in the John Perry/Staff Association Scholarship fund must be formally approved by the Staff Council, the Chancellor, and the Board of Curators.)



TERMS AND CONDITIONS OF SCHOLARSHIP FUND

  1. ENDOWMENT PRINCIPAL

    A. The name of the fund shall be the John Perry/Staff Association Scholarship Fund

    B. The principal sum tendered herewith, and any other funds hereinafter contributed from any source, shall be held and invested as the corpus of this fund

    C. Investment of this fund shall be in accordance with the policy of the Board of Curators of the University of Missouri. However, it is requested that 100% of the current net income be made available for expenditures as provided below.
  2. ENDOWMENT INCOME
    A. Scholarship awards shall be granted from the income fund established on the records of the University of Missouri-St. Louis for that purpose under the following terms and conditions:

    1. Income from this fund shall be used for scholarship awards to a dependent of a University of Missouri-St. Louis staff employee. IN THE CASE NO QUALIFIFED DEPENDENT OF AN UM-ST. LOUIS EMPLOYEE IS AN APPLICANT FOR THE SCHOLARSHIP, THE SCHOLARSHIP COMMITTEE WILL CONSIDER ANY QUALIFIED APPLICANT WHO IS THE DEPENDENT OF ANY UM-SYSTEM EMPLOYEE HOUSED ON THE UM-ST. LOUIS CAMPUS. The number and amount of awards shall be determined by a committee of three volunteer staff members and in accordance with the accepted rule and regulations within the St. Louis campus Office of Student Financial Aid. Dependents of these three staff members shall not be eligible for this scholarship.

    2. Selection of the scholarship recipient shall be based on merit and need. The student shall be in the upper half of his or her high school graduating class. Class rank and ACT, SAT, or SCAT scores shall be considered. Students shall be required to complete an application. Families shall be encouraged to complete a financial statement (needs analysis statement). No essays or letters of recommendation shall be required.

    3. The award shall be available to entering freshmen students on a one-year nonrenewable basis. The award may be split into two payments, one for each semester of the regular academic year.

    4. The student shall be enrolled at the University of Missouri-St, Louis and pursuing an undergraduate degree. A minimum enrollment of 12 credit hours that is, full-time is required.

    5. In the event that no student meets the criteria outlined in sections II.A. 1-4 of the original 1998 endowment agreement, the committee shall consider other candidates who are dependents of UMSL Staff Association members in the following order of preference:
    a) full-time transfer students;
    b) part-time students enrolled for at least 6 credit hours;
    c) graduate students.

    6. The award is not renewable, nor may it be awarded twice to any one individual.
  3. B. Any income credited to the income account in excess of the amount awarded in any one fiscal year shall be transferred to and shall become a part of the corpus fund..III. GENERAL A. Realizing that the mind of man cannot predict the circumstances of the future, the Board of Curators is hereby authorized to change the terms and conditions for the handling of this fund if, in its judgment, it becomes advisable to do so in order to carry out better the original intent and purpose of the fund.

    C. The University shall no less than annually provide a report on the status of this fund to the Staff Association through the Office of University Relations. The report shall include information as prepared by the University Office of Accounting.

    D. Announcement of this fund and pertinent details shall be made in the usual University publications provide for this purpose

AMENDMENTS MADE TO THE JOHN PERRY/STAFF ASSOCIATION SCHOLARSHIP FUND SINCE ITS ORIGINATION IN 1988

August 2004 (additions)

II. Endowment Income

A.5. In the event that no student meets the criteria outlined in sections II.A. 1-4 of the original 1998 endowment agreement, the committee shall consider other candidates who are dependents of UMSL Staff Association members in the following order of preference:
a) full-time transfer students;
b) part-time students enrolled for at least 6 credit hours;
c) graduate students.

A.6. The award is not renewable, nor may it be awarded twice to any one individual.

April 1997

I. Endowment Principal

A. The president and members of the Staff Association of the University of Missouri-voted unanimously to amend the original scholarship endowment agreement of the John Perry Scholarship fund. The scholarship name shall be changed to the John Perry/Staff Association Scholarship Fund effective April 1997. This scholarship name is being amended from the original endowment agreement established on March 2, 1988.

April 1993 (Addition made is in caps)

II. Endowment Income

A. Income from this fund shall be used for scholarship awards to a dependent of a University of Missouri-St. Louis staff employee. IN THE CASE NO QUALIFIFED DEPENDENT OF AN UM-ST. LOUIS EMPLOYEE IS AN APPLICANT FOR THE SCHOLARSHIP, THE SCHOLARSHIP COMMITTEE WILL CONSIDER ANY QUALIFIED APPLICANT WHO IS THE DEPENDENT OF ANY UM-SYSTEM EMPLOYEE HOUSED ON THE UM-ST. LOUIS CAMPUS. The number and amount of awards shall be determined by a committee of three volunteer staff members and in accordance with the accepted rule and regulations within the St. Louis campus Office of Student Financial Aid. Dependents of these three staff members shall not be eligible for this scholarship.